@edwardea
Ethereum is, as of writing, trading near $4,278.74 as it approaches its Weekly CME Gap between $4,092 and $4,261. Price action around this level is now expected to determine Ethereum’s short-term market direction in the coming weeks.
Ethereum Nears Weekly CME Gap Fill
Crypto analyst Rekt Capital noted, “$ETH Ethereum really isn't far away from filling its Weekly CME Gap (green). The CME Gap is located between $4,092-$4,261.” This statement placed renewed focus on Ethereum’s position near the gap zone.
Source: Rekt Capital via X